RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HOCL.BO
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Hindustan Organic Chemicals Limited stock price ended at ₹39.26 on Thursday, after losing 3.99%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 05, 2024 Loss -14.41% PDF

The Hindustan Organic Chemicals Limited stock price fell by -3.99% on the last day (Thursday, 28th Mar 2024) from ₹40.89 to ₹39.26. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 6.16% from a day low at ₹38.95 to a day high of ₹41.35. The price has fallen in 7 of the last 10 days and is down by -9.46% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -356 thousand shares and in total, 149 thousand shares were bought and sold for approximately ₹5.85 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -29.35% during the next 3 months and, with a 90% probability hold a price between ₹25.61 and ₹35.55 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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HOCL.BO Signals & Forecast

There are few to no technical positive signals at the moment. The Hindustan Organic Chemicals Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹41.42 and ₹48.61. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -18.26%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Hindustan Organic Chemicals Limited stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹2.40 between high and low, or 6.16%. For the last week, the stock has had daily average volatility of 5.99%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HOCL.BO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Hindustan Organic Chemicals Limited to open at ₹39.85, and during the day (based on 14 day Average True Range), to move between ₹36.58 and ₹41.94, which gives a possible trading interval of +/-₹2.68 (+/-6.82%) up or down from last closing price. If Hindustan Organic Chemicals Limited takes out the full calculated possible swing range there will be an estimated 13.64% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ ₹40.89, some ₹1.63 (4.15%) from the current price of ₹39.26, our system finds the risk reward not very attractive.

Is Hindustan Organic Chemicals Limited stock A Buy?

Hindustan Organic Chemicals Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -5.401 Strong Sell Candidate Unchanged

Predicted Opening Price for Hindustan Organic Chemicals Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹39.85 ( 1.51%) ₹39.26

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for HOCL.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 42.25 7.62 %
R2 41.34 5.29 %
R1 40.77 3.85 %
Current price: 39.26
Support S1 38.94 -0.82 %
S2 38.37 -2.27 %
S3 37.45 -4.60 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 42.11 7.26 %
R2 42.10 7.23 %
R1 40.89 4.15 %
Current price 39.26
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for Hindustan Organic Chemicals Limited Stock and on which exchange is it traded?
The symbol for Hindustan Organic Chemicals Limited is HOCL.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Hindustan Organic Chemicals Limited Stock?
Hindustan Organic Chemicals Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Hindustan Organic Chemicals Limited Stock?
Hindustan Organic Chemicals Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Hindustan Organic Chemicals Limited Stock.

What's the current price of Hindustan Organic Chemicals Limited Stock?
As of the end of day on the 2024-03-28, the price of an Hindustan Organic Chemicals Limited (HOCL.BO) share was ₹39.26.

What is the 52-week high and low for Hindustan Organic Chemicals Limited Stock?
The 52-week high for Hindustan Organic Chemicals Limited Stock is ₹65.95 and the 52-week low is ₹20.71.
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